From: Jeremy <jlrubin@mit•edu>
To: Dmitry Petukhov <dp@simplexum•com>
Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] BIP OP_CHECKTEMPLATEVERIFY
Date: Thu, 3 Sep 2020 10:34:15 -0700 [thread overview]
Message-ID: <CAD5xwhgb8xoZXue=R4ktENGLffvBQOKNBUsfZS+DZXBSK4NezA@mail.gmail.com> (raw)
In-Reply-To: <20200903194223.7e763393@simplexum.com>
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CTV does not enable this afaiu because it does not commit to the inputs
(otherwise there's a hash cycle for predicting the output's TXID.
--
@JeremyRubin <https://twitter.com/JeremyRubin>
<https://twitter.com/JeremyRubin>
On Thu, Sep 3, 2020 at 7:39 AM Dmitry Petukhov <dp@simplexum•com> wrote:
> Just had an idea that an an "inverse timelock" can be made
> almost-certainly automatic: a revocation UTXO shall become
> anyone-can-spend after a timeout, and bear some non-dust amount.
>
> Before the timelock expiration, it shall be spendable only along with
> the covenant-locked 'main' UTXO (via a signature or mutual covenant)
>
> This way, after a timeout expires, a multitude of entities will be
> incentivized to spend this UTXO, because this would be free money for
> them. It will probably be spend by a miner, as they can always replace
> the spending transaction with their own and claim the amount.
>
> After the revocation UTXO is spent, the covenant path that commits to
> having it in the inputs will be unspendable, and this would effectively
> constitute an "inverse timelock".
>
>
>
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next prev parent reply other threads:[~2020-09-03 17:34 UTC|newest]
Thread overview: 17+ messages / expand[flat|nested] mbox.gz Atom feed top
2019-11-26 1:50 Jeremy
2019-11-27 21:32 ` Russell O'Connor
2019-11-28 19:59 ` Jeremy
2019-12-11 0:37 ` Jeremy
2019-12-13 23:06 ` Jeremy
2019-12-19 20:08 ` Jeremy
[not found] ` <20191214122546.5e72eb93@simplexum.com>
[not found] ` <CAD5xwhgwhOwuPjKz-0_y7HP=jTi=6wJo8uH6HqCvOndr6wo0+Q@mail.gmail.com>
2020-02-14 11:18 ` Dmitry Petukhov
2020-02-14 19:16 ` Jeremy
2020-09-03 14:42 ` Dmitry Petukhov
2020-09-03 17:34 ` Jeremy [this message]
2020-09-03 17:47 ` Jeremy
2020-02-15 0:24 ` ZmnSCPxj
2020-06-07 16:51 ` Joachim Strömbergson
2020-06-07 22:45 ` Jeremy
2020-06-08 6:05 ` Dmitry Petukhov
2020-06-08 6:43 ` [bitcoin-dev] [was BIP OP_CHECKTEMPLATEVERIFY] Fee Bumping Operation Jeremy
2020-06-08 7:15 ` Dmitry Petukhov
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